Antero Midstream Corporation announced its intention to offer $500 million in senior unsecured notes due 2033 to eligible purchasers.
The net proceeds will be used along with borrowings to redeem in full the 5.75% senior notes due 2027.
The offering of the Notes is not contingent upon the redemption of the 2027 Notes.
Offering Details
Antero Midstream plans to offer $500 million in aggregate principal amount of senior unsecured notes due 2033 in a private placement.
Redemption Plan
The net proceeds will be used to redeem the 5.75% senior notes due 2027 at a redemption price of 100% plus accrued but unpaid interest.
Regulatory Compliance
The Notes being offered have not been registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers.
- Antero Midstream aims to strengthen its financial position by offering senior notes and redeeming existing notes.
- The private placement indicates the company's strategy to manage its debt structure effectively.
The announcement of the $500 million offering of senior notes demonstrates Antero Midstream's proactive approach to optimize its financial resources and debt obligations.